Financial Center First Credit Union at a glance, 2025
Every figure is from the lender's own HMDA filing. "vs national" compares with all lenders combined.
How the D grade breaks down
Each component is a percentile rank among 1,883 small mortgage lenders. Higher is better. Components the lender does not report are left out and the weights redistributed.
Approval oddsdecision denial rate, weight 45%
7th31.3% deniedPricingmedian rate spread over APOR, weight 30%
16th0.79 ptsProcesswithdrawn + incomplete share, weight 15%
84th3.4%Closing coststotal loan costs ÷ loan amount, weight 10%
12th3.43% of loanTrend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 455 | 282 | 37.4% | 37.5% | 7.65% | $30M |
| 2024 | 503 | 319 | 36.2% | 36.3% | 7.15% | $27M |
| 2025 | 407 | 247 | 30.2% | 31.3% | 6.75% | $24M |
What Financial Center First Credit Union lends
Applications by purpose and loan type in 2025, with the denial rate for each. A lender's mix explains a lot of its headline rate: HELOCs and FHA loans are denied far more often than conventional purchase loans.
By loan purpose
By loan type
Also: 0 home-equity lines, 0 reverse mortgages, 1 manufactured homes, 8 investment properties.
Why Financial Center First Credit Union denies applications
Primary reason reported for each of the 123 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at Financial Center First Credit Union
Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.
| Applicant income | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under $50k | 86 | 36 | 48.2% |
| $50k – $100k | 164 | 102 | 29.9% |
| $100k – $150k | 79 | 57 | 20.8% |
| $150k – $250k | 66 | 46 | 23.8% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| 25–34 | 28 | 16 | 20.0% |
| 35–44 | 53 | 29 | 38.5% |
| 45–54 | 93 | 53 | 37.0% |
| 55–64 | 119 | 81 | 28.5% |
| 65–74 | 70 | 40 | 35.4% |
| Over 74 | 38 | 26 | 18.9% |
Where Financial Center First Credit Union lends
2 states and 27 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| Indiana | 395 | 247 | 31.1% | 6.75% | #137 |
Frequently asked questions
Financial Center First Credit Union denied 31.3% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 7th percentile of small mortgage lenders.
The most common reason Financial Center First Credit Union gave in 2025 was "other", cited on 41.5% of its denials. Lenders report up to four reasons per denial to the CFPB; the full breakdown is on this page.
The median interest rate on loans Financial Center First Credit Union originated in 2025 was 6.75%, and its median rate spread over the average prime offer rate was 0.79 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 14% of its applications were for home purchases, 33% for refinancing (including cash-out), and 53% for home improvement or other purposes. By loan type: 100% conventional, 0% FHA, 0% VA.
Every figure on this page comes from the Home Mortgage Disclosure Act (HMDA) Loan/Application Register published by the CFPB, which lenders are required by federal law to file. We add the grade and the comparisons; we do not add facts.